Use the following information for the Quick Study below.
Trey Monson starts a merchandising business on December 1 and
enters into the following three inventory purchases. Also, on
December 15, Monson sells 26 units for $25 each.
Purchases on December 7 | 16 units @ $10.00 cost |
Purchases on December 14 | 33 units @ $15.00 cost |
Purchases on December 21 | 26 units @ $18.00 cost |
QS 5-12 Perpetual: Inventory costing with weighted average LO P1
Required:
Monson sells 26 units for $25 each on December 15. Monson uses a
perpetual inventory system. Determine the costs assigned to ending
inventory when costs are assigned based on the weighted average
method. (Round your per unit costs to 2 decimal
places.)
Use the following information for the Quick Study below. Trey Monson starts a merchandising business on...
Use the following information for the Quick Study below. Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Also, on December 15, Monson sells 25 units for $45 each. Purchases on December 7 15 units @ $18.00 cost Purchases on December 14 29 units @ $27.00 cost Purchases on December 21 25 units @ $32.00 cost QS 5-10 Perpetual: Assigning costs with FIFO LO P1 Required: Monson uses a perpetual inventory...
21 Required information Use the following Information for the Quick Study below. Trey Monson starts a merchandising business on December 1 and enters into the following three Inventory purchases. Also, on December 15, Monson sells 18 units for $10 each. It 2 of Purchases on December 7 Purchases on December 14 Purchases on December 21 units 26 units 18 units $4.80 cost $6.ee cost $7.00 cost QS 5-11 Perpetual: Inventory costing with LIFO LO P1 To 10 f Required: Monson...
Check Required information Use the following information for the Quick Study below. Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Also, on December 15. Monson sells 26 units for $25 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 16 units $10.00 cost 33 units @ $15.cost 26 units $18.00 cost QS 5-10 Perpetual: Assigning costs with FIFO LO P1 Required: Monson uses a perpetual inventory system....
Required information Use the following information for the Quick Study below. Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Also, on December 15, Monson sells 30 units for $50 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 20 units @ $20.00 cost 34 units @ $30.00 cost 30 units @ $36.00 cost QS 5-12 Perpetual: Inventory costing with weighted average LO P1 Required: Monson sells 30...
Check my Required information Use the following information for the Quick Study below. Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Also, on December 15, Monson sells 25 units for $45 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 15 units @ $18.00 cost 30 units $27.00 cost 25 units @ $32.00 cost QS 5-12 Perpetual: Inventory costing with weighted average LO P1 Required: Monson sells...
Use the following information for the Quick Study below. Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Also, on December 15, Monson sells 27 units for $20 each Purchases on December 7 Purchases on December 14 Purchases on December 21 17 units @ $8.00 cost 34 units @ $12.00 cost 27 units $14.00 cost QS 6-12 Perpetual: Inventory costing with weighted average LO P1 Required: Monson sells 27 units for $20...
Required information Use the following information for the Quick Study below. Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Also, on December 15, Monson sells 27 units for $20 each Purchases on December 7 Purchases on December 14 Purchases on December 21 17 units @ $8.00 cost 34 units @ $12.00 cost 27 units @ $14.00 cost QS 6-11 Perpetual: Inventory costing with LIFO LO P1 Required: Monson sells 27 units...
Required information Use the following information for the Quick Study below. Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Also, on December 15, Monson sells 30 units for $50 each. Purchases on December 14 Purchases on December 21 20 units @ $20.00 cost 34 units @ $30.00 cost 30 units @ $36.00 cost QS 5-11 Perpetual: Inventory costing with LIFO LO P1 Required: Monson sells 30 units for $50 each on...
Required information Use the following information for the Quick Study below. Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Also, on December 15, Monson sells 30 units for $50 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 20 units @ $20.00 cost 34 units @ $30.00 cost 30 units @ $36.00 cost QS 5-10 Perpetual: Assigning costs with FIFO LO P1 Required: Monson uses a perpetual...
Required information Use the following information for the Quick Study below. Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Also, on December 15, Monson sells 30 units for $50 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 20 units @ $20.00 cost 34 units @ $30.00 cost 30 units @ $36.00 cost QS 5-13 Perpetual: Inventory costing with specific identification LO P1 Required: Monson sells 30...